1. Intro to Entrepreneurship. Flashcards
Factors Affecting Entrepreneurship
Personality Factors
Environmental Factors
which means doing things even before being told.
INITIATIVE
which means he can classify opportunities and seize it
Proactive -
which means he can retain good relations with other people
c. Problem Solver -
meaning he will pursue things to get done regardless of challenges.
d. Perseverance -
means that he can entice people to buy even if they don’t.
e. Persuasion -
meaning he makes plan before doing things and do not fail to monitor it.
Planner -
- which means that he is willing to gamble but he will calculate it first.
g. Risk-taker
which include political, climate, legal system, economic and social conditions and market situations.
Environmental Factors
- They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.
INNOVATIVE ENTREPRENEUR
They are those who don’t create new things but only follow the ideas of other entrepreneurs.
Imitating entrepreneurs -
- They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied.
Fabian entrepreneurs
- They are those who lives on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.
Drone entrepreneur
They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.
Social entrepreneurs -
give the personal factors
innovative
persuasion
perseverance
proactive
problem solver
planner
risk taker
